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Dec 27, 2012
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the vice president is scheduled to be here today for meetings. don't forget the obama administration and congress have the debt ceiling hanging over them. the u.s. set to hit the borrowing limit of over $16 trillion by the end of the year. there's a lot going on at 2012 winds down. in congress, the senate is in session, the house is not. it's the first time either chamber has been in session for business between christmas and new year's since 1970. >> trace: so they're coming back to work. the president probably wished he stayed in hawaii because not much has changed. >> both sides are waiting for the other to make the first move. senate republicans are ready to look over a plan the democrats put forth but they say there's no plan. this morning the top senate democrat, harry reid, chided the top house republican, john boehner, nor not calling the house legislators back into zes speaker boehner should call them back today. he shouldn't have let them go in fact. they're not here. they are not here. john boehner seems to care more about keeping his
the vice president is scheduled to be here today for meetings. don't forget the obama administration and congress have the debt ceiling hanging over them. the u.s. set to hit the borrowing limit of over $16 trillion by the end of the year. there's a lot going on at 2012 winds down. in congress, the senate is in session, the house is not. it's the first time either chamber has been in session for business between christmas and new year's since 1970. >> trace: so they're coming back to...
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Dec 27, 2012
12/12
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secret meeting to discuss what might be done about chemical weapons. not to do anything is also a choice. >> spoke to caroline glick, editor of "yum post" this morning and he is called the obama policy, using her words not mine insane. the small footprint leading from behind. if you weigh it against 19 years of the united states that we ran yesterday with young men coming home with no limbs, americans are tired of war and tired of thevo in the that part of the world. >> true. but 11 years of all-out war and zero. there is something in between. the footprint in libya is partial one. as a result, we succeed. it's where al-qaeda affiliates are and ambassador were slain. that is fruits of staying out as well. in syria, at the end they are going where? to russia. moscow. for 30 years if you had a problem in the middle east. the worst part is by not supplying the rebels we allow saudis and qatari to funnel to jihadist rebel. that is why the jihadists now have the upper hand. why we are looking at the prospect of radical al-qaeda like syria as a result. we di
secret meeting to discuss what might be done about chemical weapons. not to do anything is also a choice. >> spoke to caroline glick, editor of "yum post" this morning and he is called the obama policy, using her words not mine insane. the small footprint leading from behind. if you weigh it against 19 years of the united states that we ran yesterday with young men coming home with no limbs, americans are tired of war and tired of thevo in the that part of the world. >>...
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Dec 27, 2012
12/12
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obama has with big congressional leaders. they came out and talked a lot about optimism. from that moment on, the dow went up 800, 850 points. a slow, steady climb until early last week when speaker boehner backed utah of the bipartisan talks, goes to plan b and it blows up. now you can see, we're down about 350, 360 points since plan b got introduced. the markets are now starting to believe that we might not get a deal at all, at least into next year. >> chris, what is all this nonsense surrounding a proposal of the white house allegedly sent to senate republicans and now they're denying. do you think anything about that? and are we slated to be in on new year's eve? >> i have talked to some senate dems right before i came down and they told me that they had not been told about the white house at all about any plan coming up and it looks like the sources there on that report may have been a little bit confused. about but i think what we're watching, luke, is a slow motion car wreck. i think we're going through the motions he
obama has with big congressional leaders. they came out and talked a lot about optimism. from that moment on, the dow went up 800, 850 points. a slow, steady climb until early last week when speaker boehner backed utah of the bipartisan talks, goes to plan b and it blows up. now you can see, we're down about 350, 360 points since plan b got introduced. the markets are now starting to believe that we might not get a deal at all, at least into next year. >> chris, what is all this nonsense...
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Dec 27, 2012
12/12
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president obama is due back in washington tomorrow, cutting short his hawaiian holiday vacation. he will be meeting with congressional leaders for one last push to prevent the economy from falling over the fiscal cliff next week. no specific bill is on the schedule in the senate or the house, and house republicans haven't yet called their members back to washington. and hopes for a deal by the december 31 deadline are fading. darren gersh reports. >> reporter: the odds of avoiding the fiscal cliff did not get any better over the holiday. staff discussions continue, but there were few signs much, if anything has been accomplished. the house isn't even scheduled to return to washington yet, leaving it up to the senate to act. >> this is a senate that is incredibly divided, hopelessly partisan, requires 60 votes to do anything and somehow, we are going to be relying on them to in five days, come up with a compromise which is acceptable where a compromise wasn't acceptable in four years. >> reporter: it now looks like some kind of fall over the cliff is the likeliest scenario. and de
president obama is due back in washington tomorrow, cutting short his hawaiian holiday vacation. he will be meeting with congressional leaders for one last push to prevent the economy from falling over the fiscal cliff next week. no specific bill is on the schedule in the senate or the house, and house republicans haven't yet called their members back to washington. and hopes for a deal by the december 31 deadline are fading. darren gersh reports. >> reporter: the odds of avoiding the...
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Dec 27, 2012
12/12
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president obama and others are traveling back to get in session. if republicans and democrats can't agree, the session won't meet. every american will be hit with higher taxes new year's day because of the fiscal cliff. a teacher with $43,000 a year will get a tax hike of more than $3,000 a year. a professional athlete would see his taxes go up more than 2.4 million a year. unemployment benefits for some 2 million people would expire. the nation may fall back into a recession. >>> even star bucks is getting into the fight on the fiscal cliff. their ceo wants workers to write come together on the coffee cups they serve thursday and friday. it's the company's way of telling the politicians to find common grounds. >> if people would get in the room and leave their ego behind, but be so sensitive to the'ds of the american people, we would have an agreement. >> a suggestion from the ceo. baristas won't be forced to write anything on the cup. >>> regardless of the fiscal cliff, the new year will bring new laws. same sex marriage will be allowed in maryla
president obama and others are traveling back to get in session. if republicans and democrats can't agree, the session won't meet. every american will be hit with higher taxes new year's day because of the fiscal cliff. a teacher with $43,000 a year will get a tax hike of more than $3,000 a year. a professional athlete would see his taxes go up more than 2.4 million a year. unemployment benefits for some 2 million people would expire. the nation may fall back into a recession. >>> even...
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Dec 27, 2012
12/12
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CNBC
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so, why isn't that the way it's going to be playing out and the meeting by the house on sunday, just optic. obama coming back, just optics. >> well, like i said a couple of minutes ago, it's the relief rally versus the negative impact of the fiscal cliff. in other words, the recession their forces in the cliff, so, you picture two, like a sea change. the relief rally where it's going to happen, when we get a deal. then you have the recession their forces of the cliff right after that, so, you can see those two forces. i've been looking -- >> stocks can trade up during a recession. not when you're going into it. as you see going out of it. >> but it's still $130 billion of new taxes that are hitting the economy. maybe 150. i'm looking at two-month vices future versus the eight-month and i've been tracking it. track the money flow. so, as the money, if the money is coming out of the eight-month into the two-month, that's a real risk offside. as the money is coming out of the two-month and into the eight-month, back to the november 16th lows, the money was piling out into the eight-mont
so, why isn't that the way it's going to be playing out and the meeting by the house on sunday, just optic. obama coming back, just optics. >> well, like i said a couple of minutes ago, it's the relief rally versus the negative impact of the fiscal cliff. in other words, the recession their forces in the cliff, so, you picture two, like a sea change. the relief rally where it's going to happen, when we get a deal. then you have the recession their forces of the cliff right after that, so,...
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Dec 27, 2012
12/12
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president obama is back in washington and plans to meet with congressional leaders tomorrow. and house members have been told to return to the capital sunday. but there's still no evidence this standoff is anywhere close to being resolved. here's our cnn senior congressional correspondent, dana bash. >> reporter: and candy, you know that even speaks to what is going on here, which is virtually nothing. jessica yellin reported in the last hour that our ted barrett, our senate producer, saw harry reid go into mitch mcconnell's office. well, it turns out that reid walked back out, and told ted barrett that they did not talk about the fiscal cliff at all. that sort of defies logic, but so it goes, that's what he said. and it sort of speaks to the warning that i got earlier this week, which is that most people here think that if anything is going to get done before the fiscal cliff deadline, that it won't happen until the pressure is on, on or around december 31st. that's practically and probably why what we saw today was suspended animation. this is one place in washington free o
president obama is back in washington and plans to meet with congressional leaders tomorrow. and house members have been told to return to the capital sunday. but there's still no evidence this standoff is anywhere close to being resolved. here's our cnn senior congressional correspondent, dana bash. >> reporter: and candy, you know that even speaks to what is going on here, which is virtually nothing. jessica yellin reported in the last hour that our ted barrett, our senate producer, saw...
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Dec 27, 2012
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a news paper article that >>> at the nation's capitol senators will meet tomorrow in ongoing effort to avoid the fiscal cliff. president obama is about to end his family vacation in hawaii and will arrive in washington early tomorrow to deal with the tax increases and spending cuts that are due to take effect next week. no official fiscal cliff negotiations between republicans and democrats have been scheduled. not a great deal of progress. >>> with the government right on the edge now of that fiscal cliff, taxpayers are facing a lot of uncertainty as we head into the new year and for many of us the usual year-end financial strategies simply may not apply this year. 7 on your side's michael finney sorts out some of the confusion. >> reporter: when it comes to year end finances the old rules may not add up this year. >> it is difficult to do any type of tax planning and advising because nobody really knows exactly what is going to happen. >> much of the uncertainty centers around whether the united states is about to fall off that a fiscal cliff. if that happens, that would mean the end
a news paper article that >>> at the nation's capitol senators will meet tomorrow in ongoing effort to avoid the fiscal cliff. president obama is about to end his family vacation in hawaii and will arrive in washington early tomorrow to deal with the tax increases and spending cuts that are due to take effect next week. no official fiscal cliff negotiations between republicans and democrats have been scheduled. not a great deal of progress. >>> with the government right on the...
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presidency has been a lists of sore forced crisis ease i was in a room an off the record meeting with the hill staffers when this deal was sort of being given to them and a very senior guy gainers office said that basically the president is exactly where we want him that was august of two thousand and eleven and here we are now everyone assumed that the debt limit would at least go until february and geitner just before we went on the air sent a letter to congress saying that we're actually going to run out of cash on monday which is probably the real reason why the president came home well i think republicans. at the time boehner saying that thought that president obama was going to win reelection i mean i think that was their whole their whole strategy for the last four years i would think half the people in the studio right now thought the public is going to lose that election and then if romney had won and then the republicans had taken the senate then america would have been reborn and it be a whole new set of issues that we would have been rude to reborn as a because here we are
presidency has been a lists of sore forced crisis ease i was in a room an off the record meeting with the hill staffers when this deal was sort of being given to them and a very senior guy gainers office said that basically the president is exactly where we want him that was august of two thousand and eleven and here we are now everyone assumed that the debt limit would at least go until february and geitner just before we went on the air sent a letter to congress saying that we're actually...
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Dec 27, 2012
12/12
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eric: way in on the increased revenues, president obama coming back and saying no, get those fo or free. >> i've only been through this three times.s to reagan put tax increases on the table, democrats took the tax increases and spending went up. bush was offered $2 for tax increases for every dollar of, $2 of, spending cuts, spending cuts never happened, tax increases. john boehner was offered 121. not only are they phony, they get smaller. negotiation to walk into. eric: we have to leave it there, grover norquist, thank you. imagine every ship in port for massachusetts to texas shut down, nothing gets in or out. if they don't get their way, will everybody pay? this family used capital one venture miles to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just g "blacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture ca! for any flight, any time! that's double miles you can actually use! how illuminating. what's in your wallet? let me guess, am on th
eric: way in on the increased revenues, president obama coming back and saying no, get those fo or free. >> i've only been through this three times.s to reagan put tax increases on the table, democrats took the tax increases and spending went up. bush was offered $2 for tax increases for every dollar of, $2 of, spending cuts, spending cuts never happened, tax increases. john boehner was offered 121. not only are they phony, they get smaller. negotiation to walk into. eric: we have to...
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Dec 27, 2012
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obama took office, unemployment rate north of 10%. gerri: you had low expectations for any kind of deal getting done. it would be small. they're not even meeting that. you think we will get anything before january 1? >> identifies the house has been brought back increases the likelihood we will. the real question here is to republicans playing a little bit? do they accept tax increases something over and comes a $5000. does the president given a little bit? you're asking me what a very rigid man and a very rigid group of guys over at the house be willing to behave like adults and compromise? so far we haven't seen any vacation adult behavior from either group. gerri: what you said about how you took some sort of confidence the house was coming back also encourage the stock market today. maybe they might get something. appreciate your time, have a great new years. gerri: take care. >> thank you. gerri: when we come back, how does he jump the fiscal cliff talks? and some new years resolutions on congress. we will be right back. excuse m
obama took office, unemployment rate north of 10%. gerri: you had low expectations for any kind of deal getting done. it would be small. they're not even meeting that. you think we will get anything before january 1? >> identifies the house has been brought back increases the likelihood we will. the real question here is to republicans playing a little bit? do they accept tax increases something over and comes a $5000. does the president given a little bit? you're asking me what a very...
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Dec 27, 2012
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if the negotiations were here out are on c-span, the president loses, if we have secret meetings that he gets to explain what happened, he loseses because the establishment press buys his story. >> grover, comment -- weigh in on president obama saying when eaker boehner offered $800 billi in increased revenues and president obama saying no, i get those for free. >> well, we've only been through this three times in 1982, reagan got taken. he put tax increases on the table. democrats took the tax increases. spending went up. eight years later bush offered $2 of tax increases for every dollar of i'm sorry, $2 of spending cuts for every dollar of tax increase. the cuts never happened. increases did. boehner was offered one to one. not only are phony spending cuts phony, they get smaller each time. >> keep moving the goal post. >>> grover, we have to leave it there. thank you. >> okay. >>> imagine every shipping port from massachusetts to texas shut down. nothing gets in or out. unions mobilizing to strike this weekend. if they don't get their way, will everyone pay? >> forget the fiscal c
if the negotiations were here out are on c-span, the president loses, if we have secret meetings that he gets to explain what happened, he loseses because the establishment press buys his story. >> grover, comment -- weigh in on president obama saying when eaker boehner offered $800 billi in increased revenues and president obama saying no, i get those for free. >> well, we've only been through this three times in 1982, reagan got taken. he put tax increases on the table. democrats...
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Dec 27, 2012
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asking harry reid to ask and president obama to act. >> harry reid's his lifeline. let me ask you this. everybody watches politics. this isn't cnbc here, it's politics. let's get a couple things straight. you say right now that today it's a democratic advantage. obama looks like the guy is trying to get it done. republicans are the holdouts. >> it's not just me. look at the gallup reports. republicans have been going down. >> obama's 54%. right now it's a democratic advantage. >> democratic advantage right now. >> midnight monday still a democratic advantage? >> no. if you go over the cliff, everyone's in trouble. >> wednesday morning next week which is only a week away and we're into 2013 and no deal's been made, do you accept the fact that both guys are in trouble? >> i think it's a jump ball. i'm not sure what happens at that point. it depends on what the markets do. we'll say this. president obama doesn't have to worry as much as the members of congress do because he's not on the ballot again. >> but if there's a second recession, doesn't that kill his second te
asking harry reid to ask and president obama to act. >> harry reid's his lifeline. let me ask you this. everybody watches politics. this isn't cnbc here, it's politics. let's get a couple things straight. you say right now that today it's a democratic advantage. obama looks like the guy is trying to get it done. republicans are the holdouts. >> it's not just me. look at the gallup reports. republicans have been going down. >> obama's 54%. right now it's a democratic advantage....
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Dec 27, 2012
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>> and now, "bbc world news america." >> president obama cut short his holiday to try and reach a budget deal with republican opponents before the end of the year physical cliff deadline. >> anytime the speaker and republican leader come to the president and say we have a deal for you, the president's door is always open. >> told people reported dead from the storm to in the midwest. the son of pakistan paulson murdered a former prime minister benazir bhutto that pledges to fight to maintain democracy. welcome to "bbc world news." welcome to "bbc world news."
>> and now, "bbc world news america." >> president obama cut short his holiday to try and reach a budget deal with republican opponents before the end of the year physical cliff deadline. >> anytime the speaker and republican leader come to the president and say we have a deal for you, the president's door is always open. >> told people reported dead from the storm to in the midwest. the son of pakistan paulson murdered a former prime minister benazir bhutto...
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Dec 27, 2012
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but it really isn't a deal between obama and boehner. those two guys say what they want, boehner goes back to his caucus and can't get a deal. >> that's why a bipartisan majority is absolutely necessary, if the senate bill is brought to a vote on the house floor, it will be passed by a majority of democrats and some republicans, but the speaker wasted last week on a bill that had no prospect of success, in fact never even was brought to a vote and now we're down to the last few days. the deal to extend these tax cuts on everyone's first $250,000 of income, remember it's benefits people who earn more than $250,000 because it extends tax cuts on their first $250,000. so somebody earning $300,000 or $350,000 in connecticut will benefit from it. >> senator, ron brownstein wants to ask a question. >> let me play devil's advocate when the tax cuts were passed in 2001 virtually every democrat in the house and senate voted against them. why do you think it's appropriate to permanently extend the bush tax cuts for families under $250,000, in the
but it really isn't a deal between obama and boehner. those two guys say what they want, boehner goes back to his caucus and can't get a deal. >> that's why a bipartisan majority is absolutely necessary, if the senate bill is brought to a vote on the house floor, it will be passed by a majority of democrats and some republicans, but the speaker wasted last week on a bill that had no prospect of success, in fact never even was brought to a vote and now we're down to the last few days. the...
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Dec 27, 2012
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meet the 5-passenger ford c-max hybrid. when you're carrying a lot of weight, c-max has a nice little trait, you see, c-max helps you load your freight, with its foot-activated lift gate. but that's not all you'll see, cause c-max also beats prius v, with better mpg. say hi to the all-new 47 combined mpg c-max hybrid. [ buzzing ] bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit sprint.com/drive. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. â
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Dec 27, 2012
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that was helped in part by meeting other mentors. that is something you are not always taught. especially people from my background. there is no one helping you to navigate. >> it sounds like president obama should get you angry. we have time for a couple of questions for the secretary. there are some roving microphones. you often hear the strive to the top is it tougher when you're competing to get there and it is kind of brutal. it's pretty relaxed at the top. are the knives still out? >> you are always mindful of one you are doing and making sure that you were doing everything appropriate and that you surround yourself with people that are not just all going to be happy people and say yes, yes, yes, everything is great. i want to know what the other side of the argument is and to make the best decisions. sometimes i have gone against what my advisers have told me to do and they cannot better. >> how you internalize making a mistake that is public? >> do not let it stick. >> how do you do that? that is such a talent. >> it is hard. yohear that you ca cold and you can be teflo
that was helped in part by meeting other mentors. that is something you are not always taught. especially people from my background. there is no one helping you to navigate. >> it sounds like president obama should get you angry. we have time for a couple of questions for the secretary. there are some roving microphones. you often hear the strive to the top is it tougher when you're competing to get there and it is kind of brutal. it's pretty relaxed at the top. are the knives still out?...